By In today’s competitive industrial environment, effective maintenance strategies are key to controlling costs and ensuring maximum equipment uptime. The global MRO market is set to grow to $701.3 billion by 2026, highlighting the importance of adopting efficient strategies for long-term sustainability. In this article, we examine some of the most effective techniques for maintaining industrial machinery while reducing operational expenses.
Unplanned downtime is a significant issue in manufacturing, often resulting from aging machinery, unexpected failures, and human error. One solution to reduce maintenance needs is to integrate low-maintenance components, such as ultrasonic clamp-on meters. These parts are built to last without frequent service, minimizing maintenance demands.
Preventive maintenance (PM) is a popular approach, with 76% of manufacturers using it to perform regular checks and address potential problems before they escalate. While PM can prevent breakdowns and extend machinery lifespan, it also adds to operational costs, which need to be factored into long-term planning.
In contrast, predictive maintenance (PdM) uses real-time data and predictive analytics to monitor equipment health and anticipate when repairs are required. By forecasting potential issues, PdM allows for targeted maintenance that minimizes downtime and reduces unnecessary maintenance tasks. With 41% of manufacturers already utilizing PdM, it’s a proven approach that saves up to 12% on overall maintenance costs.
Integrating these strategies helps companies lower maintenance expenses while improving machinery efficiency and reliability. For more information on how predictive maintenance can transform your operations, check out the accompanying infographic from Emerson.
